Mexico’s footwear exports have increased steadily between 9% to 10% since 2008. In 2013 the total exports closed with 26,072,685 pairs. According to AGA (Customs General Administration), this figure represented around 593 million dollars.
One of the main type of products Mexico exports is leather footwear, tariff heading 6403. This means Mexico specializes in value-added and high quality footwear. The average price of these products in 2014, including cowboy boots, is around USD $ 43.
Top 5 Destinations of Mexican Footwear Exports
1. USA 2. Colombia 3. Guatemala 4. Japan 5. Panama
Mexico exports 82% of their footwear production to USA. Mexican companies have more experience exporting footwear to the neighboring country. Mexico’s second largest footwear trading partner is Colombia. Colombia has made several efforts to import Mexican …
According to data obtained from PROMEXICO (Mexican Government Organization to Promote Exports), the global footwear industry has increased year by year. It was one of the less hurt industries during the world economic crisis from 2008 to 2009.
The footwear industry analysis tells us this industry has increased 3.7% in the year of 2012, reaching sales of 256,600 million dollars. It’s envisioned that the global footwear market will have a value of 326,500 million dollars, with a growth of 21.8% since 2013.
Top Countries Importing and Exporting Footwear
Talking about footwear exports in the world, it’s interesting to know that 65% of the world exports are made by the following 5 countries :
1. China 2. Italy 3. Vietnam 4. Hong Kong 5. Germany
As for footwear imports …